Analysts on average had expected earnings of 29 cents per share, according to Thomson Reuters I/B/E/S.

Sales rose 2 percent to $1.15 billion.

The company owns or operates more than 40 pulp and paper mills and wood products facilities in the United States, Canada and South Korea.

Resolute's paper-machine closure costs, impairment and other related charges fell 62 percent to $33 million in the quarter.

Shares of Resolute closed at C$21.04 on the Toronto Stock Exchange on Wednesday. They have risen about 50 percent in the last six months, outperforming the Toronto Stock Exchange 300 Composite Index's .GSPTSE 8 percent gain.